NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND
Plan Contact
- Address: 6121 INDIAN SCHOOL RD NE STE 123,ALBUQUERQUE,NM
- Contact person: JEROME GARCIA
- Phone: (505) 265-8422
Plan General Information
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is $214,692,407.00.This plan was established in 1972.
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is 2631
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is $81,601.00
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is $886.00.
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is approximately $4,768.00
Investing in this additonal $4,768.00 for 20 years would give you extra $305,214.00, assuming a 10% annual return.
Investing in this additonal $4,768.00 for 20 years would give you extra $305,214.00, assuming a 10% annual return.
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Total Employer Contribution and Match Rate
In 2023, NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND allocates $12,547,173.00 to match its employees' contributions, providing an employer match rate of 559.98% of their contributions
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is 17.61%.
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is 14.61%. This measures the effectiveness of the plan participants' investments in the year.
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND Expense Ratio
In 2023, the investment and administrative expense ratio of NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND is 0.28%.
Enrollment Features
NEW MEXICO ELECTRICIANS RETIREMENT BENEFIT FUND has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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